Mingyue Optical Lens Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 24, 2022 at 02:18 pm IST
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Mingyue Optical Lens Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 136.2 million compared to CNY 120.25 million a year ago. Revenue was CNY 136.2 million compared to CNY 120.25 million a year ago. Net income was CNY 22.11 million compared to CNY 13.01 million a year ago. Basic earnings per share from continuing operations was CNY 0.1646 compared to CNY 0.1291 a year ago. Diluted earnings per share from continuing operations was CNY 0.1646 compared to CNY 0.1291 a year ago.
Mingyue Optical Lens Co Ltd is a China-based company mainly engaged in the research and development, design, production and sales of lenses, lens materials, finished glasses, frames and other products. The Company conducts its business through two segments. The Raw Materials segment is engaged in the research and development and production of lens materials including 1.71, KR resin, KR super tough, PMC super bright and others. The Ophthalmic Products segment is engaged in the research and development and production of lenses, finished glasses and frames and other products. Lens products can be divided into two categories: daily general lenses and functional lenses. The Company's core product is optical resin lenses, and the lens products are mainly under its own brand Mingyue. The Company conducts its business in the domestic and foreign markets.